Finance
UK competition watchdog clears Carlsberg's $4.23 billion acquisition of Britvic
Published by Global Banking & Finance Review®
Posted on December 17, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 17, 2024
1 min readLast updated: January 27, 2026
Carlsberg's $4.23 billion acquisition of Britvic has been cleared by the UK competition regulator, allowing the deal to proceed without further investigation.
(Reuters) -Britain's competition regulator cleared Carlsberg's deal with soft drinks maker Britvic on Tuesday, saying it would not refer the $4.23 billion transaction for an in-depth probe.
Carlsberg struck a deal to acquire the British soft drinks maker in July, aiming to establish a UK beverage "powerhouse".
The deal, which is expected to close on Jan. 16, will see the Danish brewer taking over Britvic's bottling agreement with PepsiCo. Carlsberg already bottles PepsiCo drinks in several markets and sees potential to expand into additional geographies in the future.
Carlsberg and Britvic said in a separate joint statement that all regulatory conditions have been satisfied, including clearances from the European Commission and the UK's Competition and Markets Authority.
(Reporting by Prerna Bedi and Aby Jose Koilparambil in Bengaluru; Editing by Abinaya Vijayaraghavan)
The main topic is Carlsberg's acquisition of Britvic and its clearance by the UK competition watchdog.
The acquisition includes Britvic's bottling agreement with PepsiCo.
Carlsberg plans to expand its beverage market presence and explore additional geographies.
Explore more articles in the Finance category
